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Annie Duke is a former professional poker player and the author of National Bestseller, "Thinking in Bets" & "How To Decide". During her poker playing days, Annie was a World Series of Poker bracelet winner, the winner of the 2004 Tournament of Champions and the only woman to win the NBC National Poker Heads Up Championship. Today, Annie is also the founder of How I Decide, a non-profit that creates curricula and tools to improve decision making and critical thinking skills for under-served middle schoolers. In Today’s Episode You Will Learn: 1.) How Annie made her way from professional poker player to National Bestselling author and coach to the world's leading investors? 2.) How does Annie evaluate the nature of risk? What is good risk vs bad risk? How does Annie think through reversible vs irreversible decisions? What is her framework? Why does Annie believe most irreversible decisions are actually reversible? How does it change your thinking? 3.) How does effective solo-decision-making differ from effective group decision-making? What decision-making biases does Annie often see venture being guilty of making? What 3 things can one do to improve the decision-making of the collective group? 4.) How does Annie think about sunk cost? How does one know when enough is enough and you have to walk away? How does this tie into Annie's thinking on portfolio theory? How does Annie think about pre-mortems? How should they be structured? What is included? 5.) How does Annie define critical thinking? What tips would Annie give to someone in really advancing their level of critical thinking? What behaviours can one implement to seek to protect critical thinking? How does this differ in team environments? Item’s Mentioned In Today’s Episode Annie’s Favourite Book: The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing As always you can follow Harry and The Twenty Minute VC on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
EP 22 - Here's HOW I DECIDE between two options by Kate Maree O'Brien
with @annieduke, @pmarca, and @smc90 Every organization, whether small or big, early or late stage -- and every individual, whether for themselves or others -- makes countless decisions every day, under conditions of uncertainty. The question is, are we allowing that uncertainty to bubble to the surface, and if so, how much and when? Where does consensus, transparency, forecasting, backcasting, pre-mortems, and heck, even regret, usefully come in?Going beyond the typical discussion of focusing on process vs. outcomes and probabilistic thinking, this episode of the a16z Podcast features Thinking in Bets author Annie Duke -- one of the top poker players in the world (and World Series of Poker champ), former psychology PhD, and founder of national decision education movement How I Decide -- in conversation with Marc Andreessen and Sonal Chokshi. The episode covers everything from the role of narrative -- hagiography or takedown? -- to fighting (or embracing) evolution. How do we go from the bottom of the summit to the top of the summit to the entire landscape... and up, down, and opposite?The first step to understanding what really slows innovation down is understanding good decision-making -- because we have conflicting interests, and are sometimes even competing against future versions of ourselves (or of our organizations). And there's a set of possible futures that result from not making a decision as well. So why feel both pessimistic AND optimistic about all this??
In this episode of the, It’s Not What It Seems podcast, I have an educational conversation with Joe Sweeney. Joe is the Executive Director of How I Decide, the foundation dedicated to bringing decision skills and critical thinking to youth education. *See show notes at douglasvigliotti.com/podcast/19-joesweeney **Enter to win a 3-book gift pack at douglasvigliotti.com/freebooks
Annie Duke’s latest book, Thinking in Bets, Making Smarter Decisions When You Don’t Have All the Facts, is a masterful mash-up of her life as a researcher, poker player and charitable organization founder. In it, she explores new ideas on how to make better decisions. Our interview with her expanded beyond the book and we talked extensively about probabilistic thinking and having people hold us accountable for our decision making. As expected, our interview covered an eclectic mix of behavioral biases, sociology, language development and, of without fail, music. We noted some remarkable researchers including Anna Dreber, Phil Tetlock, Barb Miller, Stuart Firestein and Jonathan Haidt. We went deep into Annie’s personal history with her mentor Lila Gleitman and their work on Syntactic Bootstrapping, with the help of Donald Duck. Our music discussion included Jack White, Willie Nelson, Jonathan Richman, Prince, Alex Chilton and the Violent Femmes. If you find any of these names unfamiliar, we urge you to check them out. We used the movie The Matrix and the blue pill/red pill metaphor for looking at the world as accurate vs. inaccurate, rather than right or wrong. We discussed how tribes can offer us distinctiveness and belongingness but also confine us with the tribe’s sometimes negative influences. We also examined learning pods and how they can be used to keep our decisions more in line with reality. ----more----Because this is a lengthy discussion we share the following to help you navigate if you’re interested in specific topics (Hour:Minute:Second). We sincerely hope you’ll take time to listen to the entire discussion – it’s both fun and insightful – but we also understand that life can get busy. - Red Pill / Blue Pill begins at 00:07:40 - Tribes begins at 00:11:36 - Learning groups begins at 00:31:08 - Discussion of Lila Gleitman begins at 1:00:55 - Syntactic Bootstrapping begins at 1:05:36 - Jack White begins at 1:17:30 If you like this episode, please forward it on to a friend or colleague and help Kurt win his bet with Tim for who pays the donation to How I Decide. You can find more information on or donate to this wonderful non-profit at www.howidecide.org. Behavioral Grooves
Has watching professional poker ever fascinated you? In Episode 14, we meet Annie Duke, author of Thinking in Bets, who has leveraged her expertise in the science of smart decision making to excel at pursuits as varied as championship poker to public speaking. For two decades, Annie was one of the top poker players in the world. In 2004, she bested a field of 234 players to win her first World Series of Poker (WSOP) bracelet. The same year, she triumphed in the $2 million winner-take-all, invitation-only WSOP Tournament of Champions. In 2010, she won the prestigious NBC National Heads-Up Poker Championship. Prior to becoming a professional poker player, Annie was awarded the National Science Foundation Fellowship. Because of this fellowship, she studied Cognitive Psychology at the University of Pennsylvania. Annie is also the co-founder of How I Decide, an educational nonprofit that works with urban, disadvantaged communities in the Philadelphia area.
Annie Duke (annieduke.com) was the first person I recorded for this show, back in 2014, nearly two years before I got done deliberating/procrastinating and launched this thing. Here's what I wrote about my friend of 30+ years for Episode 5, where you can find that first conversation. "Annie Duke is a poker legend - winner of a WSOP bracelet, the WSOP Tournament of Champions, and of the NBC National Heads’-up Poker Championship in 2010, among other accolades. She was also runner-up to Joan Rivers on Season Two of Celebrity Apprentice. Among other charitable endeavors, Annie is co-founder, along with Don Cheadle and Norman Epstein, of Ante up for Africa. Our first first guest who's been over the Wall of Fame and climbed back, Annie is now retired from both poker and TV and is now a professional speaker, decision strategist, and one of the founders and directors of How I Decide, a nonprofit dedicated to helping youth become skilled decision makers, both in school and out. You can find them at howIdecide.org. Last, and Annie would say, most important, she is the proud mother of four."***Now Annie is back with her first mainstream (as opposed to poker) book. Part cognitive- psychology inquiry, part how-to guide, Thinking in Bets, posits that if we think of life less as the proverbial game of chess and more like poker, with its greater uncertainty and more unknowns, and act (bet) accordingly, we will make better decisions. We talk about that idea in terms of everything from voting and engaging in political conversation to deciding on everything from whether to run a red light to momentous life decisions. If you want to hear Annie recount her experiences with and thoughts on fame, go back and check out that earlier episode. We pretty much are completely OT re that fame stuff in this one.(NOTE: At around 37:00 I refer to a poker book I once reviewed, but vaguely. It's Positively 5th Street by James McManus.)Here's a link to Jennifer Wright's "Women Don't Owe Men a Debate about Feminism," mentioned in the episode.( https://www.harpersbazaar.com/culture/politics/a19480416/women-changing-mens-minds-feminism-steven-crowder/ )You can find 15 Minutes at http://15minutesjamieberger.com or on iTunes, Spotify, Google Play, pippa.io, and pretty much everywhere pods are cast. See acast.com/privacy for privacy and opt-out information.
There’s a term in poker called tilt—when players become overwhelmed by bad news and it starts clouding their decision-making. Poker star Annie Duke talks to guest host Maria Konnikova about the psychological tricks that pro card players use to get through rough patches and how it applies to our political climate today. Duke has written several books about poker and sits on the board of How I Decide, a nonprofit that helps disadvantaged young people make better decisions. For the Spiel, Maria breaks down what Donald Trump is doing to our brains. Today’s sponsor: Indochino, the company that’s reinventing men’s fashion. Go to Indochino.com to get any premium Indochino suit for just $389, plus free shipping, when you use promo code gist at checkout. And Green Mountain Coffee. Green Mountain Coffee is passionate about making a smoother-tasting cup. Try it today with$4 off when you buy two boxes of most Green Mountain Coffee K-Cup pods atKeurig.comwith code TRYGMC. Join Slate Plus! Members get bonus segments, exclusive member-only podcasts, and more. Sign up for a free trial today at slate.com/gistplus. Learn more about your ad choices. Visit megaphone.fm/adchoices
There’s a term in poker called tilt—when players become overwhelmed by bad news and it starts clouding their decision-making. Poker star Annie Duke talks to guest host Maria Konnikova about the psychological tricks that pro card players use to get through rough patches and how it applies to our political climate today. Duke has written several books about poker and sits on the board of How I Decide, a nonprofit that helps disadvantaged young people make better decisions. For the Spiel, Maria breaks down what Donald Trump is doing to our brains. Today’s sponsor: Indochino, the company that’s reinventing men’s fashion. Go to Indochino.com to get any premium Indochino suit for just $389, plus free shipping, when you use promo code gist at checkout. And Green Mountain Coffee. Green Mountain Coffee is passionate about making a smoother-tasting cup. Try it today with$4 off when you buy two boxes of most Green Mountain Coffee K-Cup pods atKeurig.comwith code TRYGMC. Join Slate Plus! Members get bonus segments, exclusive member-only podcasts, and more. Sign up for a free trial today at slate.com/gistplus. Learn more about your ad choices. Visit megaphone.fm/adchoices
Annie Duke is a poker legend - winner of a WSOP bracelet, the WSOP Tournament of Champions, and of the NBC National Heads’-up Poker Championship in 2010, among other accolades. She was also runner-up to Joan Rivers on Season Two of Celebrity Apprentice. Among other charitable endeavors, Annie is co-founder, along with Don Cheadle and Norman Epstein, of Ante up for Africa. Our first first guest who's been over the Wall of Fame and climbed back, Annie is now retired from both poker and TV and is now a professional speaker, decision strategist, and one of the founders and directors of How I Decide, a nonprofit dedicated to helping youth become skilled decision makers, both in school and out. You can find them at howIdecide.org. Last, and Annie would say, most important, she is the proud mother of four.For more on Annie and videos of some of her work, see https://www.facebook.com/15minutesjamiebergerorhttp://15minutesjamieberger.comThanks! See acast.com/privacy for privacy and opt-out information.